Cyber Crimes while e-filing of Income tax Returns 1. Registering PAN on income tax portal without the PAN holder’s consent: If any professional / accountant found that he has access to all pan data of its client company employees or other clients and/or he voluntary register PAN without consent is cyber crimes while e-filing of income […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Before filing of TDS Statement pay late filing fee also Your attention is hereby drawn towards the provisions of section 234E of the Act, which reads as follows: Levy for Late filing of TDS Statement (Section 234E of Income Tax Act) 1) Without prejudice to the provisions of the Act, where a person fails to […]
ITR Forms with new features-Java based New ITR Forms utilities has been developed by income tax department by using the latest JAVA technology and effort has been made to make it user friendly, simpler and faster preparation/submission of tax returns.
Tax Implication on Sale of Residential Property The first concern which will make house in the mind of the seller is what amount of tax will he have to pay on such sale, how he can avoid tax on such sale. Under the The Income Tax Act, 1961 income arising on the Sale of Residential […]
Constitution and Taxation of India By replacing the Government of India Act (1935) The Constitution of India came into force on 26 January 1950. Constitution is the soul of every country. Indian Constitution is the Constitution of the people, by the people, for the people and hence every Indian feels proud to follow it and […]